Heart To Heart Homecare Leases 11,000 SF Office Space In Downtown Brooklyn
1 Smith St Brooklyn, NY 11201, USA
$40
$40/SF
Building Size
11,000 SF
Asset Type
Office
Closing
Aug 28, 2023
AI
The office space located at 1 Smith Street in Downtown Brooklyn has recently been leased. The property, owned by Sutton Management, will now be occupied by Heart To Heart Homecare. The lease transaction was facilitated by Nick Zweig of Locations Commercial Real Estate Ltd.
Summary of transation details
- Property Type: Office
- Transaction Amount: $440,000 (based on $40/ft for 11,000 square feet)
- Address: 1 Smith Street, Downtown Brooklyn
- Market: Downtown Brooklyn
- Landlord: Sutton Management
- Tenant: Heart To Heart Homecare
- Broker: Nick Zweig - Locations Commercial Real Estate Ltd
The lease agreement involves a total area of 11,000 square feet. Heart To Heart Homecare will now have a new office space at 1 Smith Street, benefiting from its convenient location in Downtown Brooklyn. This transaction brings together the landlord, Sutton Management, and the tenant, Heart To Heart Homecare, with the assistance of Nick Zweig from Locations Commercial Real Estate Ltd.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93